Moody's Downgrades Nokia To Junk Status

Nokia

Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the outlook negative, meaning it could downgrade it again.

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  • Moody's Downgrades Nokia Debt To Near Junk | Manufacturing.net
    HELSINKI (AP) — Moody's ratings agency downgraded Nokia's debt grade to near junk status on Monday, citing a sharp decline in first-quarter cell phone sales that led to a 35 percent fall in revenue.
    04/4/2020 - 11:33 pm | View Website
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  • Moody's downgrades Nokia to junk status | KATU
    Moody's downgrades Nokia to junk status HELSINKI (AP) - Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling...
    03/23/2020 - 5:39 am | View Website
  • Research: Rating Action: Moody's downgrades Nokia's ...
    "The downgrade to Ba2 reflects our view that Nokia's operating performance in 2020 will recover more slowly than we previously expected, due to increased margin pressure in the mobile access business and additional investments to support its competitive position in the upcoming 5G technology cycle," says Ernesto Bisagno, a Moody's Vice ...
    03/22/2020 - 6:02 am | View Website
  • Moody's Downgrades Nokia Credit Rating to Junk Status ...
    Moody's Downgrades Nokia Credit Rating to Junk Status 'Nokia's far-reaching restructuring plan ... delineates a scale of earnings pressure and cash consumption that is larger than we had previously assumed,' Moody's said.
    03/8/2020 - 7:33 pm | View Website
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